How to read your funds statement on Console
The funds statement, called the Ledger, on Zerodha Console is a chronological record of every financial transaction in your trading account. It shows fund additions, withdrawals, brokerage and charges, trade settlement credits and debits, dividend credits, and other account events. Reading the ledger accurately is essential for reconciling your trading account, verifying that deposits and withdrawals have been processed correctly, and preparing data for income-tax filings. This guide explains how to access the ledger, what each entry type means, how to filter and navigate the data, and how to export it.
Conflict-of-interest disclosure. WebNotes Editorial Team publishes this guide for informational purposes. WebNotes has no commercial relationship with Zerodha and earns no commission from ledger reports.
Prerequisites
Before following this guide, confirm that:
- You have access to Zerodha Console and can log in with your Zerodha client ID.
- You know the financial period you wish to review (calendar year or Indian financial year April–March).
- If you intend to use the ledger for income-tax filing, you will also need the Tax P&L report from Console, which is separate from the ledger. The ledger shows cash flows; the Tax P&L report shows capital gains calculations.
Step-by-step procedure
Step 1: Log in to Zerodha Console
Open console.zerodha.com in a browser. Enter your Zerodha client ID and password. Complete two-factor authentication using your TOTP or SMS OTP. Console is the reporting and account-management portal; the ledger is not accessible through Kite.
Step 2: Navigate to Reports > Ledger
After logging in, click Reports in the top navigation menu. From the dropdown, select Ledger. The Ledger page opens, defaulting to the current financial year.
Step 3: Set the date range
Use the date-range selector at the top of the Ledger page to specify the period you wish to review.
| Use case | Suggested date range |
|---|---|
| Verify a recent fund addition | Last 7 days |
| Annual tax reconciliation | 1 April to 31 March of the financial year |
| Verify withdrawal | Date of withdrawal request plus 5 business days |
| Full account history | Account opening date to today |
Click Apply or Search after setting the dates. The ledger table refreshes.
Step 4: Select the trading segment
A segment selector (tabs or a dropdown) allows you to switch between:
- Equity, Cash equity trades, equity fund additions/withdrawals
- F&O, Futures and options trades and related cash flows
- Currency, Currency derivatives
- Commodity, Commodity trades (MCX, NCDEX)
- Coin, Mutual fund investments via Zerodha Coin
Select the relevant segment. Fund additions and withdrawals via Kite typically appear in the Equity segment ledger.
Step 5: Review the opening balance
The first row in the ledger is the Opening balance as of the start date you selected. This is the carried-forward cash balance from the period before your selected start date. A positive opening balance means the account had a credit balance; a negative opening balance indicates a debit balance (money owed to Zerodha).
Step 6: Interpret each ledger entry
Each subsequent row is a transaction entry with the following columns:
| Column | Description |
|---|---|
| Date | The business date on which the transaction was posted to the ledger |
| Narration | A text description of the transaction type |
| Debit | Amount debited from your account (outflows); blank if the row is a credit |
| Credit | Amount credited to your account (inflows); blank if the row is a debit |
| Net balance | Running balance after the transaction |
Common narration types
The narration column uses standardised text. The most common entries you will encounter:
Fund additions
| Narration | Meaning |
|---|---|
| Fund transfer in, UPI | Successful UPI deposit via Kite |
| Fund transfer in, Net banking | Successful net-banking deposit |
| Fund transfer in, NEFT | NEFT transfer credited to trading account |
| Fund transfer in, RTGS | RTGS transfer credited to trading account |
| Fund transfer in, IMPS | IMPS transfer credited |
Withdrawals
| Narration | Meaning |
|---|---|
| Funds withdrawal | Payout initiated to your registered bank account |
| Payout reversed | Withdrawal returned to trading account (e.g., bank account issue) |
Brokerage and charges
| Narration | Meaning |
|---|---|
| Brokerage | Brokerage charged on executed trades |
| STT (Securities Transaction Tax) | SEBI-mandated tax on equity and F&O transactions |
| GST | Goods and Services Tax on brokerage and transaction charges |
| Exchange transaction charges | NSE/BSE transaction fees |
| SEBI turnover charges | SEBI regulatory levy on trades |
| DP charges | Depository participant charges for selling shares from demat |
| Stamp duty | State-level stamp duty on transactions |
| Call and trade charges | Fee for phone-executed trades (if applicable) |
Settlement credits and debits
| Narration | Meaning |
|---|---|
| Settlement credit (Buy) | Cash debited for equity buy trades settled on T+1 |
| Settlement credit (Sell) | Cash credited for equity sell trades settled on T+1 |
| MTM settlement | Mark-to-market settlement for F&O open positions (daily) |
| F&O settlement, buy | Premium paid for options buy |
| F&O settlement, sell | Premium received for options sell |
Other entries
| Narration | Meaning |
|---|---|
| Dividend, direct payout | Dividend credited directly to bank (not common in ledger) |
| Interest credit | Interest on delayed payments from Zerodha’s side (rare) |
| Delayed payment interest | Interest charged on debit balance; see Zerodha delayed payment interest |
| Debit note | One-off charge raised by Zerodha (e.g., account maintenance) |
| Credit note | One-off reversal or adjustment in your favour |
Step 7: Export the statement
To save the ledger for records, tax filings, or external reconciliation:
- Scroll to the top of the Ledger page.
- Click Download or Export.
- Select CSV (for spreadsheet analysis) or PDF (for archiving and submission to a chartered accountant).
- Save the file to your computer. CSV files can be opened in Microsoft Excel, LibreOffice Calc, or Google Sheets.
The exported file contains the same columns as the on-screen ledger plus any additional metadata (account number, client name, date range) that appears in the header rows.
Understanding the running balance
The Net balance column shows the cumulative balance after each transaction. A positive figure means you have cash available in the trading account. A negative figure (shown in red or with a minus sign) means the account is in a debit position, you owe money to Zerodha. A debit balance typically arises from:
- Carried-forward losses that exceed the cash balance.
- Margin obligations for open F&O positions.
- Delayed payment interest charges on overnight debit balances.
If you notice an unexpected negative balance, check the narrations around the dates when the balance went negative. Settlement credits for sell trades and MTM credits typically restore a positive balance.
What can go wrong
Recent transaction not visible. The ledger is updated at end of day. Transactions from today (the current business day) appear in the ledger from the next business day. For real-time margin and balance information, use the Funds section in Kite.
Fund addition showing as credit but balance not updated. Check whether the credit date in the ledger matches the fund-addition date. If the credit appears but the available margin in Kite still shows the old figure, the Kite display may be cached. Log out and log back in to Kite to refresh the margin figures.
Entry marked as pending or disputed. If you see an entry in the ledger labelled Pending, Dispute, or similar, contact Zerodha support with the ledger entry date and narration text. Do not confuse a pending mutual fund SIP debit with a trading account debit; mutual funds on Coin have their own ledger.
Unexpected debit labelled “Delayed payment interest.” This indicates you carried a debit balance overnight. Review the surrounding entries to identify when the debit balance arose. See How to reconcile a missing fund credit on Zerodha if you believe the debit is erroneous.
Related guides
- How to reconcile a missing fund credit on Zerodha
- How to withdraw funds from Zerodha
- How to add funds to Zerodha via UPI
- How to schedule an instant withdrawal from Zerodha
- How to add funds to Zerodha via NEFT, RTGS, or IMPS
References
- SEBI, “SEBI circular on quarterly settlement of client funds,” SEBI/HO/MIRSD, March 2010 and subsequent amendments.
- Reserve Bank of India, “Guidelines on payment and settlement systems,” RBI.
- Zerodha Support, “Understanding the Zerodha Console ledger,” support.zerodha.com.
- Zerodha Z-Connect Blog, “How to read your Console ledger, a complete guide,” zerodha.com/z-connect.
- NSE, “Trading settlement process,” nseindia.com.